Argosy Real Estate Partners Acquires Site for the Development of Canvas at Willow Park
We are pleased to announce that Argosy Real Estate Partners has acquired an approximately 15-acre, fully-entitled site for the ground-up development of Canvas at Willow Park, a 110-unit single family build-for-rent community. The site is located in Willow Park, a desirable suburb of Fort Worth, TX. The project is located within a larger walkable mixed-use development called Willow Park North, which features townhomes, multifamily apartments, single-family homes, retail and office spaces, a hotel, parks, trails, and a community events lawn.
The project will feature townhome-style, semi-attached homes with open floor plans consisting of three- to four-bedrooms. Each home will include washer / dryer, two-car attached garage, private outdoor patio, and package drop-off boxes located on the side of each home. The project will also have access to Willow Park North’s common area amenities. With private patios and garages, residents will maintain their privacy and enjoy the full benefits of a traditional single-family home.
Argosy’s operating partner, Watermark Equity Group (“Watermark”), is a real estate developer and operator specializing in single-family rental communities. Founded in 2014 and based in Wheaton, IL, Watermark has experience in both the development of single-family build-for-rent projects and the acquisition of single-family homes. Canvas at Willow Park will be Argosy’s third investment with Watermark and fifth build-for-rent project to date.